AGA Exam CGFM Topic 3 Question 60 Discussion

Actual exam question for AGA's Certified Government Financial Manager exam

Question #: 60
Topic #: 3

[All Certified Government Financial Manager Questions]

The lease agreement contains a ___________ clause that permits the government to cancel the capital lease, without defaulting, by not appropriating payment for the lease.

AAppropriation

BNon-appropriation

CIt depends

DNone-of these

Show Suggested Answer

Suggested Answer: B

by Georgiann at Sep 17, 2024, 12:50 AM

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Laila

4 days ago

I'm going with B. Non-appropriation. Rolls right off the tongue, doesn't it?

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Margurite

5 days ago

That makes sense, I see your point. So it really depends on the specific clause in the lease agreement.

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Domingo

10 days ago

I disagree, I believe the answer is B) Non-appropriation because it allows the government to cancel the lease without defaulting.

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Noble

11 days ago

B) Non-appropriation - sounds like something straight out of a government contract. No surprises there.

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Nakisha

18 days ago

The non-appropriation clause is definitely the answer here. Gotta love that governmental bureaucratic language!

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Kate

3 days ago

A) Appropriation

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Margurite

26 days ago

I think the answer is A) Appropriation.

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